Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

Question

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Answer 1

Question

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

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A company with fixed manufacturing cost of $500,000 produces 100,000 units in 2008 and 125,000 units in 2009. The company sells 90,000 units each in 2008 and 2009. Other cost and selling price are unchanged for 2008 and 2009. Which of the following would be most correct? a. variable costing income would be greater in 2009 than in 2008 b. full costing income would be greater in 2009 than in 2008 c. variable costing income will be the same in 2008 and 2009 d. both B and C are correct

Roberts Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 37,000 units at $15 per unit Production costs: Variable: $4 per unit Fixed: $260,000 Selling and administrative costs: Variable: $1 per unit Fixed: $32,000 The contribution margin that the company would disclose on a variable-costing income statement is: a. $97,500 b. $147,000 c. $166,500 d. $370,000 e. None of the other answers are correct.

Answer 2

Question

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

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Answer 3

Question

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

Expert Solution & Answer

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Answer 4

Question

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

Answer 6

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

Answer 7

Chapter 8, Problem 56BP

1. a.

To determine

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

Answer 8

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

Answer 9

b.

To determine

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

Answer 10

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

Answer 11

c.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

Answer 12

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

Answer 13

d.

To determine

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - What is depreciation, and why is it used in...Ch. 8 - Prob. 5DQ Ch. 8 - Which depreciation method would be moot...Ch. 8 - Prob. 7DQ Ch. 8 - Prob. 8DQ Ch. 8 - Prob. 9DQ Ch. 8 - Prob. 10DQ

Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

Solution Summary: The author explains how to calculate the gain or loss on the sale of equipment.

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Record the disposition of the equipment assuming that Industries F discarded the equipment, receiving zero.

Record the disposition of the equipment assuming that Industries F sold the equipment for $6,000 cash.

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one.

Record the disposition of the equipment assuming that Industries F traded in new equipment for the old one by signing a note payable for the difference amount.

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Chapter 8 Solutions